The Business Times, 20 August 1983

Total Pages: 12
1 12 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, AUGUST 1983 60 CENTS
    10 words
  • 364 1 Bernama MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad said yesterday that he wants his present team in the top Umno hierarchy to remain. He said the status quo in Umno should be maintained in keeping with traditional practices and to ensure
    Bernama  -  364 words
  • 257 1 Reuter SOUTH Korea is confident it can manage its economy and properly service huge external debts of US$37 billion, Finance Minister Kang Kyong-Shik said. Mr Kang was asked if he was worried that South Korea might be put in the same position as
    Reuter  -  257 words
  • 410 1  -  By LOH HUI YIN THE Singapore Refining Company has revived proposals for another upgrading project. If the project materialises, SRC would have its third major upgrading plant. Yesterday, two new secondary plants were inaugurated at its Pulau Merlimau refinery. Chairman Tan Boon Teik said
    410 words
  • 532 1 Reuter COMPETITION between Opec members for increased sales later this year may force the group to cut oil prices by year-end. Despite prevailing industry opinion that the world oil markets will remain stable in 1963, some economists on Wall Street see Opec having
    Reuter  -  532 words
  • 337 1 SINGAPORE expects a reply soon from the Japanese partners on when the much-delayed $2 billion petrochemical complex can begin operating, said Foreign Minister S Dhanabalan. The start-up date hinges on the Japanese accepting a Singapore proposal to increase the equity stakes of both
    337 words
  • BRIEFLY...
    • 78 1 AFP A NEW revision to the copyright laws in Taiwan, one of the world's leading producers of pirated products, will impose maximum penalties of five years in prison and a U551,250 fine for copyright violations. The new law, passed by the Cabinet, will enter into effect following
      AFP  -  78 words
    • 66 1 UPI CHINA and the US signed a new five-year textile agreement yesterday, ending a trade dispute which damaged American agricultural sales to Beijing. Ambassador Arthur Hummel and Zhen Tuobin, vice-minister of foreign economic relations and trade, signed the pact. The agreement allows Chinese textile exports to America to
      UPI  -  66 words
    • 66 1 TURKISH Prime Minister Bulend Ulusu will visit Malaysia and Singapore between Sep 4 and 11, the semi-official Anatolian news agency said. It gave no further details of the visit, which follows a Far East tour by President Kenan Evren last December. Mr Evren went to China, South
      66 words
    • 60 1 UPI THE Philippine government said it would refuse entry to self-exiled opposition leader Benigno Aquino, who has vowed to return to the Philippines tomorrow in spite of a death sentence hanging over his head. Observers said refusal to allow Mr Aquino back into his homeland indicated that President
      UPI  -  60 words
    • 92 1 UPI THE Japanese economy grew 3.3 per cent for the year ended last March and is on its way towards an uneasy recovery, government economists said. In an annual report on the Japanese economic performance, the Economic Planning Agency painted an uncertain picture on the direction
      UPI  -  92 words
    • 54 1 Reuter THIRD World countries said proposed joint petroleum exploration would be risky and needed careful study before it was implemented. Delegates to a UN-sponsored energy conference attended by members of the Group of 77 developing countries agreed that joint exploration would be expensive and said its implementation
      Reuter  -  54 words
    • 87 1 THE Philippine government said it wants the five local car companies which have links with American and Japanese carmakers to merge into two corporations instead of forming functional tie-ups. The ruling was passed on to the companies by Trade and Industry Minister Roberto Ongpin at a meeting on
      87 words
  • 302 1 ARTIFICIAL Intelligence, whereby own patera cu give apialeaa rather than Just preaeat facte and figares, may aaaa be part af cempater edacatten la Stagapere. Tbeegh II started la the tailed States la the INte, artificial lateiligeaee is stllJ oeaaldered a relatively aew fleM
    302 words
  • 458 1  -  By SOH TIANG KENG THE "war" in the housing loan market continues with further cuts in lending rates announced by Credit POSB last night. Credit POSB, the lending arm of the Post Office Savings Bank, has slashed interest rates for its HUDC, housing
    458 words
  • Page 1 Advertisements
    • 240 1 Published and Distributed by FEDERAL PUBLICATIONS 2 Jurong Port Road, Singapore 2261 A member of The Times Organisation THE Port of Singapore Authority has computerised export documentation procedures at Pasir Panjang Wharves as part of its continuing efforts to improve the port's services Page 3 THE iron grip of Kontena
      240 words
    • 146 1 FLY AEROFLOT TO EUROPE THE FAST ECONOMICAL WAY Aeroflot operate* 3 weekly flights from Singapore to Europe on Mondays. Wednesdays and Fridays via Moscow the short-cut to Europe You reach Moscow in less than 13 hours and Aeroflot connects you to the large industrial and tourist centres of Europe, the
      146 words
    • 3 1 Saudi stand...Pag? 4
      3 words
    • 277 1 The Singapore's Straits Business Times World DIRECTORY at your of Fingertips Singapore (Buku Merah) VJ nometr Authorised Deoiers S-^gcJpce Oeoie's ASIA WATCH CI NTH •01 16 Koiong Shoop»>g Ce<"*e CMH CHIOWO IJIWIUW*) •03 30 03 41 S'vj. CO# TIN A WATCH CINTVt m ITO •C? »V Cofcyifco Coun •01 3?
      277 words

  • BANKING AND FINANCE
    • 767 2 Reuter THE LATEST innovation in the Eurooond market, warrants to buy US government securities, gives European investors similar flexibility to operators trading options on US Treasury futures in Chicago, bond managers said. It is also more of a trading exercise for profit-conscious issuers
      Reuter  -  767 words
    • 337 2 Reuter BRAZILIAN Planning Minister Antonio Delfim Netto has arrived in Paris to sound out possibilities for a Paris Club rescheduling of the country's debt to Western governments, banking sources said. Mr Delfim Netto is not expired to meet bankers to discuss Brazil's
      Reuter  -  337 words
    • 261 2 AP A WORKING group of Western banks and Polish bank and government officials reached an agreement on Thursday to reschedule Poland's 1983 commercial debts, a communique said. Under the agreement 95 per cent of credits totalling US$l.5 billion that the Warsaw government was to
      AP  -  261 words
    • 191 2 Reuter GENEVA-BASED Banque Gutzwiller, Kurz, Bungener SA said it will launch a secured US$lO million to $30 million zero-coupon sevenyear convertible Eurobond issue for Ferrofluidics Corp of the US. The bonds will be floated by a Cayman Islands company, which will be set up for this purpose.
      Reuter  -  191 words
    • 97 2 Reuter BANKAMERICA Corp said it will increase its capital base within the next year or two to comply with a Federal Reserve Board mandate requiring all large US banks to maintain a primary capital reserve ratio of 5 per cent. Terry Turner, senior vicepresident
      Reuter  -  97 words
    • 258 2 Reuter VENEZUELA seeks to reach agreement with the International Monetary Fund after coming to terms with its creditor banks to reschedule up to US$lB.4 billion of foreign debts, Finance Minister Arturo Sosa said. Mr Sosa said on Monday Venezuela will not now seek to draw a
      Reuter  -  258 words
    • 204 2 Reuter CHEMICAL Bank said it sent a notice of acceleration to Washington Public Power Supply System (WPPSS) declaring all interest and principal payments on project four and five bonds payable immediately. Chemical is trustee on U552.25 billion of bonds supporting the two cancelled nuclear
      Reuter  -  204 words
    • 241 2 Reuter THE REAGAN administration has asked a federal court to set aside a judgment ordering China to pay more than US$4O million for allegedly defaulting on a 1911 loan to finance construction of a railroad from Beijing to Kwanton. The imperial government of China issued bonds
      Reuter  -  241 words
    • 587 2 SYNDICATION for a HKJI.O7 billion housing project loan is more than 60 per cent oversubscribed, lead manager BA Asia said. The loan will be signed at the end of August. The syndicate for the 33month loan, which will carry interest at more than one per cent over
      587 words
    • 268 2 Beater THE VIEWS sf Salmon Brothers eklef ecensmist Henry Kaafmaa remain aackaaged frsm thtae expressed at the ead «f J sly, when he f«recast rises Is interest rates ever the aext year, a esmpaay spskesmas said. Mr Kaafmaa is sa a private
      Beater  -  268 words
    • 509 2 Reuter MODIFICATIONS to the Bank of England's system of monetary control, which began on Thursday, should help reduce interest rate volatility, money market analysts said. The changes are aimed at giving the banks greater day-to-day flexibility in managing their funds, Michael Jankowski of
      Reuter  -  509 words
    • 189 2 AP THE CHAIRMAN of Lebanon's Middle East Airlines has said MEA is prepared to take responsibility for war risks on its fleet after Lloyds of London cancelled its contract with the national carrier. Mr Saim Salam said Lloyds cancelled the war risk insurance on seven of
      AP  -  189 words
    • 97 2 Reuter rHE TEN trustee savings oanks (TSB) in England and Wales, which have more than 1,200 branches, will amalgamate into a new bank called TSB England and Wales on Nov 21, a statement from the TSB group said. The four Scottish TSBs amalgamated to form
      Reuter  -  97 words
    • MONEY AND EXCHANGES
      • 22 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.13 per cent.
        22 words
      • 188 2 ASIAN ASIAN currency deposit interbank rates as at 5 pm on Aug 19: US DolUn(8poO Offer B>d 7 days 9* 9* 1 month 9 15/18 913/16 2 months 10 3/16 101/16 3 months 10 5/16 10 3/16 6 months 1011/16 109/16 0 months 1013/16 1011/16 12 months 10 15/16 10
        188 words
      • 46 2 RANGE of prices otter ed by discount houses on Aug 19: Overnight: 3 Call deposits: 3 3 Closing 3-month SelliM Treasury bills 28/16 2 7/16 3-monUi Bank bills 7 11/16 79/16 3 months CD 7* 7 6 months CD 7* 7* Source: National Discount Co
        46 words
      • 50 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Aug 22 to Aug 26: OOerwl: $55,000,000 AmIM for: »1,800,000. AlMted: 555.000.000. Accepted klia: $99.33 approximately 27 per cent; high er bids in full. Average rate af dlscwut m •U*tanest: 2.575 per cent per annum.
        50 words
      • 73 2 Opening quotes yesterday US 1.51« 78 Can 1 872 40 Cross 1 2342 45 D Mk 4 0225 70 D F1 4.5030 «5 S fY 3 2695 2730 B Fr coo 80 58 71 F FT 12.0980 W0 Ut 2391 56,2394 Yen 370 00 56 D Kr 14.5100 5275
        73 words
      • 516 2 THE US dollar' firmed slightly against major foreign currencies on the exchange market yesterday, reversing its downward trend experienced during the rest of the week. Traders attributed its strength to some buying interest after the previous day's overselling. Against the local unit, trading of the US dollar was
        516 words
      • 125 2 THE DOLLAR yesterday closed higher at 243.95 yen and 2.6460/70 marks in a continuing adjustment after its recent plunge. This compared with 243.50, 60 yen and 2.6400 20 marks at the New York close and the 243.70 yen opening in Tokyo. Trading was unsettled but fairly active in the
        125 words
      • 296 2 GOLD FUTURES in Singapore yesterday fluctuated narrowly throughout the session in thin trading before closing slightly lower compared with New York's closing levels. Total sales for the day were recorded at 126 lots while kerb volume was 415 lots. October closed slightly weaker at U*****.40/424 90 an ounce compared
        296 words
      • 34 2 New York L2.31B 12 «B 12.36S 12.54S Zurich 12.44B 12.45B 12.49S 12 SOS FH Tbmn Singapore 12 228 12.43B 12.30S 12.53S Closing prices in US dollars a troy ounce. Source: Credit, S'pore
        34 words
      • 76 2 THE US dollar yesterday closed mixed in fairly quiet trading ahead of the weekend. Banknote rates yesterday (HK per 1): US 7.42/744 UK 1120 11.40 Brunei 3 455 3.47b W Germany 2.806 2.825 Malaysia 3.15/3.17 Philippines 0 60 0 62 Singapore 3 464 3 485 (HK per 10): Burma
        76 words
  • Page 2 Advertisements
    • 46 2 wst -j> ttt 7- ffisaP A -13k-. t >■•■ EXHIBITION v O A. w 'fX' And SAL F -I -V/ r\\ i- J) C*r jmSmpw-. 'ityrioxmt f" OF SOUTHEAST ASIA Y,. "jj *3jL-. HON6KON6 ROOM .V— HILTON HOTEL TODAY \J'' IT* antique? of the orient, pte ltd
      46 words

  • TRADE AND INDUSTRY
    • 497 3  -  By JAN LEE THE Port of Singapore Authority has computerised export documentation procedures at Pasir Panjang Wharves as part of its continuing efforts to improve the port's services for its users. On-line documentation for export cargo, to be implemented from Sep 1, will result in
      497 words
    • 120 3 THE Republic at Cyprus has set up a consulate in Singapore and appointed Singapore businessman Mr Lee Ah Ngoh aa its first honorary consul. The consulate was established last month aa a result of a Cypriot trade mission last December. Mr Lee, 48, Is
      120 words
    • 309 3  -  By MONICA GWEE IN A VOTE of confidence for a recovery in the shipbuilding industry, the Sembawang Group has made a "progressive investment" of $2 million to computerise its entire operations. The purchase of an ICL 2957 mainframe computer and terminal will move the
      309 words
    • TRADE TALK
      • 91 3 Kelly Lewis Pumps' new range KELLY and Lewis Pumps of Australia, in association with Singapore agent Paterson Simons, has launched a new range of centrifugal pumps in the market. The KL-ISO pumps are suitable for air-conditioning systems and fixed installation fire protection systems as well as for a variety of
        91 words
      • 80 3 Organisation has opened its video showroom at Cathay Building and has appointed two agents to distribute its videotapes in Singapore. The showroom will allow the public and video library operators to view its video releases for the month. Initially, it will not lend the tapes directly to the public.
        80 words
      • 102 3 will conduct a I course on ultrasonic testing 1 of materials with emphasis on weld inspection from Oct 10 to Dec 2. The 80-hour course deals with materials testing in i general, such as ultrasonic i thickness gauging, ultrason- > ic examination
        102 words
      • 30 3 has cut the US purchase prices of its 3420 magnetic tape drive unit and 3803 tape control unit by 20 per cent. The reductions are effective immediately.
        30 words
      • 111 3 will soon complete a licensing agreement with a major US automotive company to use a Lucas process which enables the use of lighter steels in vehicle components. A Lucas spokesman said the treatment process, called nitrotek, permits the use of thinner steels by improving tensile strengths and surface
        111 words
      • 49 3 has agreed to mar- ket Siemens' new 103-page-per-minute laser printer on a worldwide basis. The printer will be made to Storage's specifications and will be compatible with IBM's software. It will start accepting orders for the printer in October and begin customer shipments in January.
        49 words
    • 361 3  -  By LEE HAN SHIH THE Housing and Development Board is selling about 150 million worth of pre-fabricated flats today. A total of 990 units 594 threeroom flats and 396 four-room flats are available for public balloting. The nine 12-storey blocks in Tampines New Town will
      361 words
    • 225 3 PHIL S*lmaa, who headed Needham Standard Singapore, will be returning to Australia in mid-Septem-ber to take up a senior board position at the USP Needham in Melbourne. David MacKenxie, currently the regional managing director of Needham Far East, will be taking over as the managing director of
      225 words
    • 273 3 TWO OF THE largest computer system houses in Singapore have acquired the franchise of a software package that will help companies to reduce the time needed to develop other software packages. The Info software, designed by Henco Software Inc of the
      273 words
    • 160 3 THE fourth meeting on technical cooperation among Asean countries on pharmaceuticals will be held at the Regional Language Centre from Aug 23 to 25. The meeting, which will be opened by the Parliamentary Secretary (Health and Culture), Mr Wan Hussin Zoohri,
      160 words
    • 58 3 THE sixth meeting of the Asean subcommittee on civil aviation and related services will be held in Singapore from Monday to Wednesday. The meeting will be opened by the director of Singapore's Department of Civil Aviation, Mr Lim Hock San, and will be held at
      58 words
    • 624 3 SEMINARS AND COURSES Aug 22-23: Successful Sales Techniques, Orchard Hotel, Consult Management Services Pte Ltd Aug 22-26: QCC Facilitator Workshop, RELC International House, Singapore Association of Shipbuilders and Repairers Aug 24-26: Account Development Strategies Xerox Learning Systems, Century Park Sheraton, Professional Learning Systems Pte Ltd Aug 24-Nov 26:
      624 words
  • Page 3 Advertisements
    • 260 3 Productivity Improvement Seminar On "JAPANESE MANUFACTURING TECHNIQUES" 9 HIDDEN LESSONS IN SIMPLICITY 26—27 SEPTEMBER 1983 This seminar is designed for production managers, material managers, quality control managers and also entrepreneurs who want to know how manufacturing techniques can be potently applied to achieve higher productivity and quality. THE SEMINAR The
      260 words

  • OVERSEAS
    • 579 4 Reuter SAUDI ARABIA is likely to resist pressure from fellow of the Organisation of Petroleum Exporting Countries for an increase in Opec's oil output ceiling, but will probably be forced to give way on the issue, Gulf oil industry sources said
      Reuter  -  579 words
    • 281 4 INDIA'S state-owned oil companies, Oil and Natural Gas Commission (ONGC) and Oil India Ltd, plan to invest around 190 billion rupees in the business period April 1965 to March 1990 to raise total annual oil output to 52 million tonnes by 1990, ONGC officials
      281 words
    • 381 4 Reuter THE decline in oil consumption in the non-communist industrialised nations has levelled off and figures for July and August are expected to show the first increase in four years, the International Energy Agency said. Officials at the Parisbased agency said available data
      Reuter  -  381 words
    • 708 4 ARRIVALS Service Local Operator Number Time From SLA SQ11 0010 LAX/TYO PAA PA5 0015 JFK/SPO/HKG FT FT71 0040 JFK/ORD/ANC/ NRT/TPE/KUL CAL CI331 0150 TPE MAS MH601 0820 KUL MAS MH671 0905 KUL MAS MH811 0910 PEN SIA SQ103 0945 KUL RBA BI421 1000 BWN MAS MH603 1020
      708 words
    • 276 4 AP AMERICAN Defence Secretary Caspar Weinberger has said the planned Nato deployment of 106 US Pershing II missiles in West Germany was firm despite problems with testing the rockets. However, he said: "The Pershing II deployment might be forgone if we could
      AP  -  276 words
    • 603 4 THE iron grip of Kontena Nasional on the container haulage market in the northern region of Peninsular Malaysia will soon be loosened. Responding to the repeated calls of shipping circles to end Kontena Nasional's haulage monopoly in that region, the Malaysian government has
      603 words
    • 136 4 Reuter FOUR Soviet engineers who set up a private workshop have been jailed for terms of between 12 and 14 years for running an illegal business. Moscow newspaper Moskovskaya Pravda reported on Thursday that the four men were skilled at making wooden
      Reuter  -  136 words
    • 281 4 Bernama THAILAND'S central bank is concerned that the country's projected export target for this year cannot be attained. Bank governor Nukul Prachuabmoh said the concern was prompted by the slow increase in exports during the first half of the year. The Commerce
      Bernama  -  281 words
    • 377 4 UPI FRENCH Jaguar and Mirage warplanes will Join French troops in Chad in a show of force to warn Libyan-backed rebels not to engulf the country in a new round of fighting. The aircraft will remain in N'Djamena, Chad's capital, for a limited
      UPI  -  377 words
    • 163 4 Reuter IWO THOUSAND workers were dismissal Ml Thonday at a null plaat la the Scottish hlghlaads fsr walking off the Jrt whea free eraage Jalee was stepped. The eraage jalee had heea glvea to weMers werklag la hot eeadtttoas at M|thri fabricators, which ballds North
      Reuter  -  163 words
    • 193 4 Reuter A HEARING to determine whether Marc Rich and Co AG and an affiliate are conspiring to resist orders to turn over subpoenaed documents was delayed until Sep 19. The order to delay the bearing scheduled for Aug 22 was signed by US
      Reuter  -  193 words
    • 931 4 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Or Chief 35W 20.8.83 2300 Thana Bhum 79S/80N 20.8.83 2300 Monte Ruby 07B 20.8.83 2300 HakataM 48/510 21.8.83 0700 Liverpool B 60/461 21.8.83 0900 Kawachl M 43 21.8.83 0700 P Fillmore 120/1 21.8.83 2200 Qlory Ace
      931 words
    • 583 5 AP UNITED Nations agencies have committed more than US$l billion in aid and loans to China since the latter, eager to clone a major technology gap, decided In 1978 to start accepting UN assistance. The assistance has gone to help
      AP  -  583 words
    • 797 5 Reuter INFLATION will start to rise again in the US before the end of this year but should not lead to the double-digit acceleration which beset the economy In the *****, economists say. Most analysts believe inflation, as measured by the consumer price
      Reuter  -  797 words
    • 546 5 AFP SIGNS that the French government's austerity policy is beginning to work have been confirmed by publication of figures showing a marked improvement in the trade balance. French officials are predicting that the country's foreign trade deficit will fall as planned from 93.3 billion francs last
      AFP  -  546 words
    • 201 5 Reuter REFINERY operations at Exxon Corp and Phillips Petroleum Co facilities in the Houston area have been reduced because of Hurricane Alicia, company spokesmen said. A Shell Oil Co representative said that ome units at the company's Deer Park, Texas, refinery were shut because of power
      Reuter; AP photo  -  201 words
    • 413 5 BRIEF Agencies TEA is still Britain's favourite drink. The average Briton drinks 1,650 cups of tea every year and the leafy beverage accounts for 70 per cent of all non-alcoholic drinks consumed. The British Tea Council said that works out at an average of just under 4V4
      Agencies  -  413 words
    • 368 5 UPI THE Indonesian government oil company Pertamina is unlikely to take over the huge Sumatran oilfields now operated by American Caltex Pacific Indonesia when the contract expires in November, an oil industry source said in Jakarta. "Caltex's operations in Indonesia are big
      UPI  -  368 words
    • 299 5 Reuter A BRITISH company and its Kuwaiti partner will sue the Iraqi government for damages and seek the termination of a road-building contract, the British company's parent, French Keir, announced in London. The companies are claiming damages in an Iraqi court following the
      Reuter  -  299 words
    • 176 5 UPI PERSONAL Immbc la the US went op M per cent In Jaly, little ehuged frem Jue. Bat the latest tax eat helped beeat the tflspssabie laeame ®f Americans by a strsag 1.7 per eeat The straag increase la after-tax Ma—Mi laeaaae was the highest
      UPI  -  176 words
    • 416 5 Reuter RECENT UK economic indicators have raised doubts about the strength of the domestic recovery. In the past week, the government has reported a 1.7 per cent drop in June industrial production, a meagre 0.2 per cent rise in second quarter GDP
      Reuter  -  416 words
    • 161 5 Reuter THE FRENCH government has no plans for further curbs on Japanese car imports or to include European cars made In joint-ventures with Japanese firms in the unofficial quota on Japanese imports. Industry Ministry sources described as inaccurate recent reports of such
      Reuter  -  161 words
    • 310 5 Reuter THE Federation of Japan Automobile Workers' Unions has formally told Nissan Motor Co Ltd, Japan's second largest carmaker, it would oppose Nissan's plans for a car plant in Britain, federation president Ichiro Shioji said. The 230,000-strong union, including 74,000 workers from
      Reuter  -  310 words
  • Page 4 Advertisements

  • Page 5 Advertisements
    • 56 5 HEARTIEST CONGRATULATIONS m. Mr. Lee Kim Tah BBM CHAIRMAN, LEE KIM TAH (PTE) LTD on being conferred BBM(L), by his Excellency the President of the Republic of Singapore J# A t ft 5] KLU EXG ASSOCIATES ITE. LID. SANITARY PLUMBING CONTRACTOR 5001 Beach Road, Golden Mile Complex #03-98 C, Singapore
      56 words

  • 477 6 ORANGE is a fruit rich in Vitamin C, a substance essential in certain metabolic functions. Not enough of this vitamin can cause scurvy, one of the oldest nutritional disorders of mankind. The disorder is characterised by, among other things, anemia and soreness and stiffness of the joints.
    477 words
  • 1023 6  -  CAPITALISING ON RESEARCH By MICHAEL BLUMSTEIN NYT IN THE late *****, the Zenith Radio Corp in the US was known as much for its crusade against Japanese imports as for its television sets. Lately, however, Wall Street analysts have been impressed because the company
    NYT  -  1,023 words
  • Page 6 Advertisements
    • 192 6 iii LTLTJS Thousands of years ago, the ancient Greeks discovered the art of timekeeping. And with it created a mythology as rich as her culture. Today, a fine timepiece is no longer a myth, but a legend. A legend created by the Swiss craftsmen who honoured the Greeks by naming
      192 words
  • Page 6 Miscellaneous
    • 814 6 -11-OIE CROSSWORD 7T7T J■ s S What I think la a duck feather (T) 9 If they do. It must have had a chat with Jack! (9) 13 Are. from the first (5) 14 See the chaps come round for the fruit (5) 15 If the occupants are. It's a
      814 words
    • 787 6 SINGAPORE 5 1.00 PM Opening folowed by Sesame Street Introducing the letters V and Z and the number 10. 2.00 Doctor Snuggles 2.25 Take Kerr: Graham Kerr demonstrates cooking with sugar cubes. He has some wine as he shows us the uses of a micro-wave oven. 2.45 Saturday Matinee Days
      787 words

  • 642 7  -  By PHIL CANNON Reuter THOUSANDS of West German citizens live with a secret fear that one day they might be separated from their families or forced to leave their homeland. They are chiefly German women married to foreigners, caught up in a wave of resentment against the
    Reuter  -  642 words
  • 2266 7  -  Dinosaurs may be long dead and gone, but the debate over the causes and time of their extinction is very much alive. Geologists believe that these pre-historic creatures were wiped out by the catastrophic effects of an asteroid which blasted earth
    NYT  -  2,266 words
  • 194 7 AIR FRANCE turned 50 recently and the airline announced it to all passengers. There was no popping of champagne, though, when one of its planes took off from London for a flight to Paris. Passengers could not get a beer or even a soft drink. This
    194 words
  • 1000 7  -  By JUDITH MILLER NYT NOTHING so exemplifies the conquests that Cairo has enjoyed and endured through the centuries as the Citadel. The monumental fortress, nestled on a spur of the rose-tinted Mokkatam Hills, has dominated Cairo's skyline as definitively as the armies that
    NYT  -  1,000 words
  • Page 7 Advertisements
    • 122 7 CAR BILLS! X x r. r: r W J v V r i (f V i SAVE MONEY Know how to deal with a mechanic explain your problems SAVE MORE MONEY Know how to spot trouble beforehand get more miles from each litre of petrol find the car that's right
      122 words

  • Page 8 Advertisements
    • 889 8 Where to wine, dine and entertain AMERICAN 55 with the American Express Card "if you don't already have the Card, call *****33 for an application form" v In a ■i i x k i«t j < A. aSSWwI araa Discotheque s ?'mwsd We're blasting off tonight and every night at
      889 words
    • 195 8 to out Qf>i(pcrb (zpuismes <TI)C fttcbaUion Mi lis* Urc.il \oiirx*l( in inn famous I'rinir Kil> Imtl in iom n M*rv»fi on a Sil\« i ai;on t iimiixl 10 ih«- li\< rnUTuininrni |»t«»\ l)\ i|h I ilipirio band ihf '< orpu/ I mo' nii|hil\ from 7: lllpni (oil :t(lpm reservations. M
      195 words

  • RAW MATERIALS
    • 1164 9 COFFEE: Robusta coffee futures recovered from early lows to end yesterday morning £1 above to £2 below Thuraday night's close. The major feature of the market before midday was the crossing of 3,000 lots on the midday call in Nov by a leading London trade house. Total volume
      1,164 words
    • 333 9 SINGAPORE: Yesterdays closing prices in S$ per kUo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.04, 100 per cent second class 0.76, 100 per cent third class 0.73, 25 per cent new crop 0.58, B-10 per cent no stock. THAI BROKEN: A-super 0.60, Special 0.54.
      333 words
    • 123 9 THE Malaysian crude palm oil market yesterday closed easier on long liquidation and pre-weekend selling in moderately active trading. For August delivery, south and central lost Msls and MJIO respectively to Msl,olo a tonne and in Sep, central and north fell Ms3s each while south eased Ms3o, all
      123 words
    • 86 9 SOYBEAN futures in Chicago on Thursday closed locked down the 30 US-cent per bushel limit in all months except distant November at off 25 Vi, with November posting a 20 cent range. Soybean meal finished offered down the $10.00 a tonne limit in all months except distant contracts which
      86 words
    • 83 9 WHEAT futures in Chicago on Thursday closed on a steady note at lower levels, off 4 1 i to 6V< US-cents per bushel, with December posting an 11 Vi cent range. After opening lower then rallying back to unchanged on exporter pricing, prices eased on spill-over speculative selling in
      83 words
    • 281 9 THE RUBBER market in Singapore yesterday closed slightly lower in moderate trading with September One RSS buyers quoted at 237.50 cents per Idlo, down three cents from Thursday. The morning session was marked down one cent at 239.50 cents per kilo, on September One RSS and forward offerings after
      281 words
    • 323 9 RAS prices In cents per kilo yesterday: Noon (per Ulo) Bajnn Seller* lot 1 R.S.S prompt f o b 235.50 236.SON Int. 1 R.S.S. September 239.50 240.00 Int. 1 R.S S. October 244.00 244JO Int. 2 R.S.S. 229.50 231JON UK/Coat 228.50 230.50N Int. 3 R.S.S. 225.50 227JON UK
      323 words
    • 108 9 NOON SSR and SMR pnca* ymt iwdar HAS SSR 10 SSR 60 (1-toa pallat) (1 too pallat) (Curat Mtk) Bayara Saltan ***** 214.00N 308.60 210 60N Oatobar 213 50 215.SON 210 00 212.00N MBKLB Saptaaibar OcMh •r SMR CV SMR L SMR 6 SMRCP SMR 10 (1-toa
      108 words
    • 267 9 TRADING was extremely slow and subdued with a minimal turnover in a market apparently devoid of interest, H*Ud»y, Cutler, Bath ft C« said in its review of the Singapore and Malaysian rubber markets for the week ended Aug 18. Current One RSS held
      267 words
    • 32 9 Rubber: Aug 19 Singapore: September: 237.50 cents (down 3.00 cents) Malaysia: September: 264.50 cents (down 1.50 cents) Tin: M 530.18 per kilo (up 2.00 cents) 90 tonnes (down 5 tonnes)
      32 words
    • 75 9 THE Straits tin price in Penang yesterday rose two cents to MsSi.lB a kilo, within the ITA lower range of Ms2t.ls to Following steady overnight London advices, the market firmed slightly on continued buffer stock manager's support. He bought about M per cent of the disposals and local
      75 words
    • 164 9 CHINESE Preface Exckaage, Singapore, asea clwdag prices per 1M kg yesterday. Ceeeaat sll: Bulk fob $135.00 nominal sellers, old drum (in second hand drum) fob $148.00 nominal sellers, new drum fob $152.00 nominal sellers. Cspra: Mixed (loose) $80 nominal buyers. Pepper: Muntok white pepper fob Asta NLW $347.50
      164 words
    • 196 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cettoa yam: China Blue Phoenix 20s 2,680 32s 3,580, 40s 3,780 (per bale of 400 lbs). Piece gMfe: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      196 words
  • INTERNATIONAL STOCKS
    • 194 9 AUG 18 Fro GROUP B CORBEILLE Alr-Liqulde 456 12 Carre four Financier* de LUnton 1380 75-80 30 -0.7 eon u«nui Danone 1800 >10 Lafar^e^ ***** 1238 -18 5 C S F (ThomsonCsf) 156 ♦5 Opfl-Parlbai Ptntrroyt 130 47 JO 18 22 Cie Francalae des Petroles 184 6-5 Radlotechnlque 417
      194 words
    • 88 9 AUG 18 Dm Hoechst 100.00 1 Aef-Telcfunken 72J0 1.3 Hoesch Horten 90.70 156.00B 1.2 -1 BASF 158.80 0.8 Kirstidt 271,00 .13 Bayer 153J0 ♦LI KHD 247 80 0.8 BMW 388.00 -8.7 Llnde 377 00 _3j Commerzbank 175.00 -0.5 Hanneunann Preiuni 144.00 ♦02 Contl Qumml 108.70 -0.8 274.50 4-2 Daimler-Benz
      88 words
    • 85 9 AUO IS r™ Or Bro Lamb 2300 25 Hobok 4070 86 FORWARD MARKET Petro 0010 80 Ryl Dutch 2835 35 824 Sldro 1780 86 Arbed 1710 8 Soc Oen Bel( 1960 15 Astur 538 10 Softna 5000 30 1510 SolYajp A 3200 185 C a n pfti 1000 25
      85 words
    • 202 9 AUG 1> Actions Sulaaes Prmncs 204 OB •1 •1 Sandos Raf Sulaer Pc Sulaer Raf UMIH Q- _L nB10 383 1040 10 -11 -10 1 lnul— Dm. Brown Dowl Br. P1I« n 1 Rr 371 1330 •1 -30 ovifl IMHiK or M i Bwlas Bank Corp Ra« 317 235
      202 words
    • 91 9 auo ia Baatofl Bet Lire 238 173 Mxllotanct M llano Am Ort Mondadort Pn» Montedison ***** I mo 234.75 1415 90 4J5 Central* Ort Cood Acqut Roma Ertdanla HI 2106 06 Olivetti Ort Pirelli And C Pirelli Spa 3600 3060 1830 70 70 02 Flat Ort Oenerall HI tin
      91 words
    • 194 9 AUG 18 AblUbl CI 24 unch Hud Bar Mln Imp OU Inco Int Pro* Pipe Int UU InU Nickel Kerr Add Loblaw B Maney Pert Mc Blodel lllllli 41 4* 4* 4* Alfnmm Bulk Mont Bulk Norm Scotia Bell Tel 46* 31* 17* SB 27* 4-* 4-* BP Can
      194 words
    • 277 9 AUO IS Rand INDUSTRIALS Trust Bk Un Steel Unlaec Wool worth 215 125 530 1230 unch unch unch unch A Alpha Abercotn AE And CI Amaprop AMIC Barlows C O Smith 910 230 010 490 3300 1250 22S0 unch -IS unch MINING8 unch 25 unch AnglvaaJ Blyyoors Buffels 7150
      277 words
    • 200 9 AUO IS ABN FU 408-50 -03 Kbb KIU Meneba Naarden National Ned r»m ***** 7250 40 70 ***** 0l7 -05 1 0.4 05 Ahold Akin AMEV 110 JO 78.00 11 1.4 I unch 0J unch +05 9 01 1J -05 Amfu Amrobnk Bergoss Berk Bols 90 00 M OO
      200 words
    • 1290 9 NEW YORK WALL STREET stock prices on Thursday closed sharply lower as investors grew pessimistic about interest rates and rushed to take profits before yesterday's release of the weekly money supply figures. The Dow Jones Industrial Average, which climbed 16.05 points on Wednesday, gave back about 14.02
      1,290 words
  • Page 9 Advertisements
    • 6 9 See page 11 for Asian stocks.
      6 words
    • 265 9 The Puzzle of Roductivify A problem-solving book of our times In the business crunch that we are in today, the single biggest concern of companies everywhere is higher productivity blue-collar and whitecollar productivity. This volume examines the causes of low productivity and the major solutions to the problem. Sections of
      265 words

  • 3422 10 BID and otter prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Times Settlement Contracts are quoted after
    3,422 words
  • 186 10 Managers' prices for A Kg 2t/H SINGAPORE UNIT TOU8T The Commerce 3.43 3.64 The Savings Fund 197 2.09 S pare Prog Fund 1.54 163 S pore See Fund 2.23 2 37id S pore Invest Fund 1.14 1 21 S pore Equity Fund 1.51 1.60 ASM UNIT TRUST Mai
    186 words
  • 3559 10 Gr'» Gr's Net 1983 Last Div Div Y'ld P/E Vol Day High Low Company Sale or- C'vr (•OOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 286 235 Acma 242 7.5 3.0 210.0 354 148 Alcom 280 5 5.0 3.8 1.9 23.0 15 260 253 287 148 Allied Choc
    3,559 words
  • 2456 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots ol 1.000 units unless otherwise specified INDUSTRIALS Ak*« (2.748) (3) 2.74 (3) 2 78 AMD (I) 384 (3)
    2,456 words
  • 931 10 A LATE aeramble far shares of selected Mae chips inclading Cold Storage, FAN and Slme Darby aa well aa Malaysian high-fliers helped the Stagapore stack market ta etoae at ita beat level la nearly six weehs yeaterday. Dealers expreaaed pleasaat sarprlae at the balttah maad af
    931 words
  • 490 10 A LATE bout of buying orders helped share prices finish higher across a fairly wide front on the Kuala Lumpur stock market yesterday. Prices opened at overnight levels as investors turned cautious following poor leads from Wall Street. Thereafter, prices moved up slightly on
    490 words

  • COMPANY NEWS
    • 477 11 HARRISONS Malaysian Plantations Bhd (HMPB) is examining various possibilities for moving into downstream processing of rubber as part of its diversification programme. Stating this in the company's latest annual report, HMPB chairman Tun Ismail bin Mohamed Ali said the company is confident that it will
      477 words
    • 740 11 NYT IT'S COMMON knowledge that bulls and bears prowl about Wall Street. But there are other creatures, large and small, populating the securities markets. Some of them can be dangerous to the investor's financial health. Alligators, for example. An alligator spread is the slang term
      NYT  -  740 words
    • 380 11 Date Last Pall Year Company Peried Announced Net EPS Grew Net last year (cents) Div. Preflt <%) (f**) Glenealy F 15/7 11.3 8.8 4,831 Fed Cables I 19/7 20.1 5.0 5,886* Kuchai I a/7 8.1 20.0 212 OU B I 29/7 26.3(a) 14.3(a) 59,251 OUT I 29/7 18.0
      380 words
    • 2104 11 Asked why he continued to lead a punishing life after having accumulated substantial wealth, Datuk Azman said, 'After a point, money is no longer the principal consideration. It is more the need to accomplish something special in life. It is the question of drive.' WHEN Datuk
      2,104 words
    • 78 11 V U HWA Hon* Manufacturing Company Limited: EGM to be held at No 29 Jurong Port Road, Jurong Town, Singapore 2261 on August 20 at 10.30 am. RALEIGH Cyeles (Malaysia) Berhad: Fifteenth AGM to be held in the Board Room, No. 40C, SS21 35. Damansara Utama, Kuala Lumpur
      78 words
    • ASIAN STOCKS
      • 398 11 HONGKONG STOCKS yesterday regained most of their early losses in fairly active late afternoon short-covering. The Hang Seng Index ended 4.62 points down at 996.28, against a midmorning fall to 974.40. It was the first time the index had fallen below the 1,000 mark since July L
        398 words
      • 374 11 THE stock market average yesterday rose to a record high of 9,139.73, up a provisional 50.15 from Thursday's close. The Tokyo Stock Exchange Index closed at 680.13, up 4.26 on a volume of 430 million shares. The second market closed sharply higher on a turnover
        374 words
      • 121 11 SHARE prices yesterday closed mixed but with a higher turnover of 2.77 million pesos against 1.66 million on Thursday. AUG 1« Aco)e Mining Anglo Phil A pel Mining B AUii Con. B. Bagulo Ooid Baalc Petroleum Benguet Con. B CDCT> rirmt Phil Hldgi Lepanto B Marlnduque B Marxtael Oriental
        121 words
      • 202 11 SHARE prices yesterday closed slightly lower in light trading at the Securities Exchange of Thailand. The Book Club Index dropped 0.10 point to 131.63 on a turnover of 30.7 million baht with nearly 200,000 shares traded. Siam Qty Cement dropped two baht to 312, and Saha Union and Industrial
        202 words
      • 406 11 AUSTRALIAN share markets yesterday closed steady in very heavy trad--ing despite a sharp downturn on Wall Street and apprehension ahead of next Tuesday's Federal budget. At the close the All-Ordi-naries Index stood at 684.8, down 0.5, after slipping two points in early trading. Turnover was very heavy, rising to
        406 words

  • Chief Price Changes
    • 174 12 Rises Indices Suagei Beii 900 80 Aug 18 Aug 19 Johan Hldfi 750 80 C Sugars N S T Tan Chong M A A 1800 1350 805 610 40 40 35 35 BT Composite: 919.61 927.99 BT Indicator: ST Industrials: *****55 958.47 *****22 968.11 FAN 990 30 ST Finance:
      174 words
    • Article, Illustration
      172 12 Rises Indices Johan Kesang 820 480 60 50 Aug 18 Aug 19 Lien Hoe 845 50 MBT Indicator: *****25 *****03 Tan Chong 885 50 NST Industrials: 1332.20 1349.61 Mox 590 40 NST Finance: 2453.89 2449.72 J Kuantan 700 40 NST Hotels: 655.66 657.40 Tongkah Esso Ord 500 30
      172 words
    • 50 12 H.K.HANG SENG Friday W8-28 Thursday 1000.80 Week Ago 1037.46 AUSTRALIAN INDUSTRIALS Friday 828.8 Thursday 827.8 Week Ago 808.7 ALL ORDINARIES Friday 884.8 Thursday 885.3 Week Ago 881.7 FINANCIAL TIMES INDUSTRIALS Thursday 738.9 Wednesday 738.0 Week Ago 725.9 DOW JONES AVERAGE INDUSTRIALS Thursday 1192.48 Wednesday 1206.50 Week Ago 1174.39
      50 words
  • 253 12 FOUR Keppel Shipyard directors have been appointed to the board of Straits Steamship Company Ltd. They are George Bogaars, Chua Chor Teck, Loh Wing Siew and Tay Kim Kah. UNITED International Securities's unaudited consolidated net tangible asset backing per share as at July 31,1983, was $1.84. FEDERAL Cables,
    253 words
  • 418 12  -  IHMKOB Companies Editor: Mano Sabnani By CHAN OI CHEE CASH-rich Weame Brothers Ltd has taken another step forward in its diversification programme by venturing into the lucrative high-technology business. Its recently incorporated subsidiary, Weames Technology (Pte) Ltd, has bought a 60 per cent equity stake
    418 words
  • 438 12  -  By CHRIS LIM MALAYAWATA Steel Bhd, Malaysia's largest steel mill, has managed to return to the black after two straight years of losses. The group recorded a consolidated net profit of Mf1.87 million for the year ended March 31, 1963 against a net loss of
    438 words
  • 241 12 THE NtlayriM Foreign Investment and Capital braes committees have approved Johan Holdings' acquisition of Diners Clnb (Malaysia) Bhd, Diners Clnb (Singapore) Pte Ltd and Ronald Lee Pte Ltd. Johan had earlier said that It Is acquiring Ronald Lee Pte Ltd because the
    241 words
  • 81 12 PAN Mahuma IMHagt Lkh Groap oner-tax profit «f $3.14 mllHeo ($LM million prrviMuly) oa toroover «f llSJTJ nuHoa ($12.1? million) for first-half 1KB. Ike eompaay ttoeif made aa after-tax profit «f $258,116 ($174,81!) m a taraover o( $1.M mlllioo (fMlfttl). Director* have declared aa laterim dtvtdead d 1J per
    81 words
  • 509 12  -  By LIM SOON NEO HYATT Regency Singapore, the flagship of Sealion Hotels Ltd, is making a comeback to the exhibition and convention businesses in a relatively big way. The hotel is spending about $2 million to convert its existing car park on the third
    509 words
  • 308 12 RISING palm oil prices and a general belief that rubber prices will firm further have boosted plantation-based stocks on the stock exchange in the past week or so. Malaysian crude palm oil prices, for instance, have been rising steadily. It reached Mi 1,002.50 a
    308 words
  • 843 12 SHARE prices closed lower after a quiet day yesterday, the falls reflecting easier Wall Street stocks overnight, dealers said. At 3pm, the Financial Times was down 3.4 points at 735.5. IClfell 8p to 536, and Glaxo was down 15p at 860, but falls among leading industrials were generally
    843 words
  • 88 12 AP DECLINES outnumbered advances on the New York Stock Exchange yesterday by a 4-3 margin as concern over higher interest rates hung over the markets in the early going. The Dow Jones Industrial Average fell 3.05 points to 1,189.43 at 10.30 am. Analysts said investors were influenced
    AP  -  88 words
  • Page 12 Advertisements
    • 274 12 Town and City Properties Limited (Incorporored in rhe Republic of Singapore) EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that on Extraordinary General Meeting of the Company will be held at rhe Conference Room, 141 Marker Srreet #10-00, Haropan Building, Singapore 0104, on Monday. September 5, 1983 at 4.00 p.m. for
      274 words
    • 340 12 K TIMES CONFERENCES A Presents TOIMJSYELCONFERENCK()\ MEASURING AND MINIMISING CORPORATE FOREIGN EXCHANGE EXPOSURE RISK IN MALAYSIA S SEPTEMBER. I'Kl Kl \LA LI'MITR. MALAYSIA CONFERENCE CHAIRMAN SPEAKERS SUBJECTS .M. Dr Raja l,ope bin Raja Shahrome, Senior (ieneral Manager, International Hanking, United Malayan Banking Corporation Berhad IND K RST AN I>IN <
      340 words
  • Page 12 Miscellaneous
    • 63 12 OUTLOOK for today: Partly cloudy; showers in several areas in the late morning and early afternoon. Report for 24 hoars prior to 7.3t pm on Aug 19 at the airport: Maximum temperature 31.6 Associated humidity 68 Minimum temperature 26.6 Associated humidity 78 Hours of sunshine 5.45 Rainfall in millimetres Trace
      63 words